Two-Building Warehouse
3518-3520 Gilmore Ave, Bakersfield, CA 93308
For Sale
Contact for pricing
Two detached structures occupy separate parcels, providing a divided warehouse configuration.
Property Size6,900 SF
Price / SF$224.64
Days on Market10
Property Features for 3518-3520 Gilmore Ave
General Information
Standard status
Size
Property subtype
Building Details
Buildings
Listing Agency:
ASU Commercial
(661) 885-6949
Listed By:
John A. Ritchie · License CA #00900552
(661) 616-3583
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 10 at 10:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ASU Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The warehouse property consists of two freestanding buildings, with each structure situated on its own parcel. Together, the buildings contain 6,900 square feet of property area.
Located on Gilmore Ave in Bakersfield, the property is identified at 3518-3520 Gilmore Ave.
Located on Gilmore Ave in Bakersfield, the property is identified at 3518-3520 Gilmore Ave.
Key Highlights
- Two freestanding warehouse buildings
- Each building is on a separate parcel
- 6,900 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,547
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,710,940
$1.7M
Cap Rate 7%
$1,222,100
$1.2M
Cap Rate 9%
$950,522
$950.5K
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$107.6K $15.60/SF
− Vacancy
−$7.0K −$1.01/SF
EGI
$100.6K $14.59/SF
− OpEx
−$15.1K −$2.19/SF
NOI
$85.5K $12.40/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,710,940
Cap Rate 7%
$1,222,100
Cap Rate 9%
$950,522
Alternative Uses
Best Use
Warehouse
$1.22M
$1.07M – $1.43M
NOI $85,547 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,174 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Bakersfield, CA
Properties on Market for Warehouses in Bakersfield
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- KD Ranch Shop & Storage — 3529 Brian Wy, Bakersfield, CA 93308
- Excel Relocation Systems — 3101 Gilmore Ave, Bakersfield, CA 93308
- Automotive Express & Customs — 4330 Turcon Ave, Bakersfield, CA 93308
- U-Pack — 3307 Gulf St, Bakersfield, CA 93308
- SecurCare Self Storage — 4600 Buck Owens Blvd, Bakersfield, CA 93308
Frequently Asked Questions
What type of property is this?
Warehouse - Two detached structures occupy separate parcels, providing a divided warehouse configuration.
Where is this warehouse located?
The property is located at 3518-3520 Gilmore Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two freestanding warehouse buildings; Each building is on a separate parcel; 6,900 square feet total
